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Power Finance Corporation - Tax Free
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Power Finance Corporation - Tax Free
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Returns (YTM)

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N/A

Min. investment

Min. Investment

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N/A

Remaining Tenure

Remaining Tenure

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3Y 2M 15Days

Payment term

Payment Terms

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Yearly

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Highlights

Credit Rating

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CRISIL AAA/STABLE

Credit Rating

Seniority

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SENIOR

Seniority

Security

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Secured

Security

Default History

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Zero

Default History

About Issuer

Power Finance Corporation - Tax Free

Power Finance Corporation (PFC) was established on 16th July, 1986. It is under the administrative control of the Ministry of Power. PFC provides financial assistance to power projects across India. The current Chairman and Managing Director is Mr. Rajeev Sharma. The Government of India holds 65.92% of total shares in the corporation. It was conferred the title of Navratna CPSE in June, 2007 and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010.

Recently it has forayed into financing other infrastructure projects such as:

  1. Coal mine development
  2. Fuel transportation
  3. Oil and Gas pipelines

Its borrower profile includes State Electricity Boards, State sector power utilities, Central sector power utilities and Private sector companies.

It has been assigned a credit rating of AAA for long-term debt by various rating agencies.

Awards:

  1. CBIP Award for Best Power Financing Company (2017)
  2. Dalal Street Investment Journal PSU Award (2015)

Total Annual Revenue

38,951 Cr (FY 2022)

Year of Inception

1986

Industry

PSU Tax Free

Head Office

New Delhi

Type of Issuer

PSU

Current MD/CEO

Smt. Parminder Chopra

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

Bond out of stock

This bond is
currently out of stock

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